EagleTree Capital Buys Majority Share in CORSAIR for $525 Million

Investment firm EagleTree Capital has announced the purchase of a majority share of computer hardware and peripherals company Corsair.

EagleTree Capital, formerly known as Wasserstein Partners, will now act as lead investors in Corsair along with joint investors Investment Management Corporation of Ontario and the Honeywell pension. In its announcement, the venture film valued the deal at $525 Million.

Founded in 1994, Corsair built its name around high-performance PC components. The company is perhaps best known for its production of performance-minded memory, but in 2014 it started producing mice, keyboards, and headsets under the Corsair Gaming brand.

Corsair is also a prominent name in the esports industry, and is currently partnered with nine teams. Most notably, this includes sponsorship deals with Counter Logic Gaming, Splyce and Penta Sports. CORSAIR signed on as a main sponsor for the DreamHack ASTRO Open esport circuit in 2017.

Having invested in such companies as ALM Media and Northstar Travel Group, EagleTree Capital describes itself as focusing “exclusively on mid-market buyouts.”

In a statement, George Majoros Jr., Co-Managing Partner of EagleTree, pointed to Corsair’s position in the gaming market and its specific involvement in esports as primary reasons for the partnership.

“This is a transformative time in the PC gaming industry. A rapidly growing global gamer population, together with the rise of eSports and streaming, has made PC gaming one of the world’s most dynamic industries. CORSAIR is the undisputed leader in PC gaming hardware and has built a strong brand on a foundation of quality, innovation and an unwavering commitment to its passionate fans. We look forward to working with Andy and CORSAIR’s talented management team to maintain the company’s focus on innovative products, to expand into new markets, and to pursue selective transactions.”

The aforementioned Andy Paul is both a founder of Corsair and its current Chief Executive Officer. Paul will be staying on as Corsair’s CEO and will retain what is described as a “sizable equity stake” in the company.

Paul’s offered his own statement on the move, relating that the capital investment will allow Corsair to further pursuit technology and product development.

“We are very fortunate to have attracted such experienced investment partners. EagleTree’s backing will allow us to continue to focus first and foremost on our loyal and passionate customers and accelerate our investment in innovation and new technology and products to enhance the quality experience that enthusiasts and gamers have come to expect from us.”

About Us and contact

The Esports Observer is the world’s leading source for esports business news and insights. TEO offers an integrated platform that enables companies to make the right decisions when venturing into the esports industry. TEO offers real-time business intelligence and reports, in addition to planning and hosting industry events and conferences. TEO’s ultimate goal is to increase transparency and foster growth in esports.

our products

TEO ESPORTS DATABASE is used to map out the esports industry and its organizations. We will gradually update the Database and add more data points and correlations to help you stay informed and make better decisions.

AUDIENCE INSIGHTS enhances social media and streaming stats with data science to help people understand the value and impact of actual interactions. It allows you to find the right influencers and offers automated performance and campaign reports to help you make better decisions and prove ROI on your campaign.